Stock sell-off to intensify as fresh 10% plunge looms, finds survey

Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the US Federal Reserve (Fed) embarks on its biggest policy-tightening campaign in decades.

With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there’s more pain to come.

The gauge is likely to keep falling this year before bottoming at around 3,500, according to the median projection of 1,009 respondents. That represents a decline of at least 10 per cent from the Friday close of 3,901 —